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Land For Sale at 2805 MORRISON ROAD in Valemount, British Columbia

4 Sale ID #154436
Updated 01 May 2024

Asking Price

$2,998,800

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Coined the Billionaire's Backyard; epic mountain recreation, in Valemount, attracts billionaires from around the world to play and recreate, with an airport expansion and potential ski area rumoured... this is an excellent investment opportunity. A Spanish Colonial Revival home sitting atop 98 riverfront acres (zoned RU2 - with sub dividable opportunity) nestled beside the Valemount Pines golf course and on the McLennan River. The Californian designed home has 4 bedrooms and 4 bathrooms with expansive views of Mount Trudeau, Mount Terry Fox, Swift & Mica Mountains, views undisturbed (underground electrical lines) from every window. An open plan with 18-foot expansive ceiling heights in the living room and bar area make this a perfect entertainer's space. A cleared 4.5-acre hay field perfect for your horses within sight of the primary home. A 3-truck attached garage with a detached 2-truck garage is a home for your coveted toys & golf cart. Imagine! Also on Residential see MLS# R2805319 (id:39198)

  • MLS® : #C8053521
  • Date Listed : 09 Aug 2023

Location

Province

British Columbia

City

Valemount

Address

2805 Morrison Road

Postal Code

V0E2Z0

Location Highlights

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Listed by

Sotheby's International Realty Canada British Columbia listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

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Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$2,998,800

Asking Price

$2,998,800

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

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